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Cable Update (GBPUSD)

  • #420,841
  • Oct 23, 2015 8:15am Oct 23, 2015 8:15am
Quoting FxMegaCB
time for me to enter long with st 1.5340... should be a reversal here!!! never know!
worth trying. i will be selling higher if I get a chance

just checked. 5280 would be a good area to add for longs
  • #420,842
  • Oct 23, 2015 8:38am Oct 23, 2015 8:38am
short added here
  • #420,843
  • Oct 23, 2015 8:39am Oct 23, 2015 8:39am
Attached Image (click to enlarge)
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  • #420,844
  • Oct 23, 2015 8:46am Oct 23, 2015 8:46am
Am I the only one that thinks that it will pierce through everything to 1.50ish next week?
I don't know...
  • #420,845
  • Oct 23, 2015 9:05am Oct 23, 2015 9:05am
Quoting giveachance
{quote} worth trying. i will be selling higher if I get a chance just checked. 5280 would be a good area to add for longs
got hit with SL... crazy market as I said earlier... I think there is more to come, but should be a lot less than what happened so far...
  • #420,846
  • Oct 23, 2015 9:08am Oct 23, 2015 9:08am
Quoting Dano12
{image}
it looks to me a flag pattern, but not sure because there was no correction after the ECB news... would it go back again to 1.55xx?? now I doubt it, but still valid...
  • #420,847
  • Oct 23, 2015 9:14am Oct 23, 2015 9:14am
Quoting FxMegaCB
{quote} it looks to me a flag pattern, but not sure because there was no correction after the ECB news... would it go back again to 1.55xx?? now I doubt it, but still valid...
  • #420,848
  • Oct 23, 2015 9:20am Oct 23, 2015 9:20am
next support is @ 1.5322 ~ 1.5309... let's see how it reacts with it... long again at that level
  • #420,849
  • Oct 23, 2015 9:28am Oct 23, 2015 9:28am
Quoting FxMegaCB
{quote} got hit with SL... crazy market as I said earlier... I think there is more to come, but should be a lot less than what happened so far...
Either u sell at 5328 or u sell near 5381. Both are good. I said in the morning reversal candle will be a big one
  • #420,850
  • Oct 23, 2015 9:40am Oct 23, 2015 9:40am
Quoting giveachance
{quote} Either u sell at 5328 or u sell near 5381. Both are good. I said in the morning reversal candle will be a big one
If I knew you are correct, wouldn't I have followed you?? sure I had... but what ruined my analysis is Mario Dragi. if he said nothing, then the market would go beautiful as used to be...
I suspected the pattern is 123, then changed my mind because of new high of the news candle, which by the way erased all earnings by a reversal candle. I was selling at that time, but decided to be out till ECB started, and ruined all things. I still have hope and big hope that price never close under the coming zone 1.5322 ~ 1.5309 so that would be a new pull back next week and of course will start with testing today's low.
  • #420,851
  • Oct 23, 2015 9:51am Oct 23, 2015 9:51am
13 oct.
Quoting edyraper
{quote} pendings starting from 5295
Quoting edyraper
{quote} shorts underwater will see if can get out around 5330
Quoting edyraper
{quote} still in shorts , changed target to 1.5360
Quoting edyraper
{quote} {quote} changed back to 5330 (for 50%) - will hold higher ones
Quoting edyraper
{quote} closed 50% here @5400~
will let other 50% run till 5240 , won't touch GU , will see if 1.50 will hold or not , if not will sit tight till 1.47+-
  • #420,852
  • Oct 23, 2015 9:56am Oct 23, 2015 9:56am
Quoting edyraper
13 oct. {quote} {quote} {quote} {quote} {quote} will let other 50% run till 5240 , won't touch GU , will see if 1.50 will hold or not , if not will sit tight till 1.47+-
I would agree with you only if there was a higher high for @ 1.5505 somewhere at the zone 1.57~1.58 then yes your analysis is correct, this is the way I see it. not sure if there is actually deeper down more that 1.5300 at the current situation and wouldn't believe it if happened.
  • #420,853
  • Oct 23, 2015 10:15am Oct 23, 2015 10:15am
dose not make sense what is the number your short from ?


Quoting edyraper
13 oct. {quote} {quote} {quote} {quote} {quote} will let other 50% run till 5240 , won't touch GU , will see if 1.50 will hold or not , if not will sit tight till 1.47+-
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,854
  • Oct 23, 2015 10:17am Oct 23, 2015 10:17am
Quoting Bones
dose not make sense what is the number your short from ? {quote}
I've shorted from 529x till 5500 . all was low leverage . why is not making sense ?
  • #420,855
  • Oct 23, 2015 10:28am Oct 23, 2015 10:28am
Quoting edyraper
{quote} I've shorted from 529x till 5500 . all was low leverage . why is not making sense ?
so you say you sold when the trend was going up till 5500... I guess it makes sense, but why enter opposite of the trend anyways? what if it goes up till say 1.6xxx without going back?? are you going to be ok with that? high DD, mate
  • #420,856
  • Oct 23, 2015 10:39am Oct 23, 2015 10:39am
oh right only you mention only first entry then ,thats all ,

Quoting edyraper
{quote} I've shorted from 529x till 5500 . all was low leverage . why is not making sense ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,857
  • Oct 23, 2015 10:41am Oct 23, 2015 10:41am
Quoting Bones
oh right only you mention only first entry then ,thats all , {quote}
Quoting edyraper
{quote} pendings starting from 5295
well my plan was shorts from 5295 till 5330 , I just risked a little bit more , also I didn't post this after the facts ... , I mean I can't make money after the facts

Quoting FxMegaCB
{quote} so you say you sold when the trend was going up till 5500... I guess it makes sense, but why enter opposite of the trend anyways? what if it goes up till say 1.6xxx without going back?? are you going to be ok with that? high DD, mate
I wouldn't hold till 1.6
  • #420,858
  • Oct 23, 2015 10:54am Oct 23, 2015 10:54am
lol ,ok point taken ,my thinking is bears are done for the week ,

Quoting edyraper
{quote} {quote} well my plan was shorts from 5295 till 5330 , I just risked a little bit more , also I didn't post this after the facts ... , I mean I can't make money after the facts {quote} I wouldn't hold till 1.6
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,859
  • Oct 23, 2015 11:04am Oct 23, 2015 11:04am
Quoting Bones
lol ,ok point taken ,my thinking is bears are done for the week , {quote}
actually week is done (friday , 5 hours till closing here)
will follow monthly closing next week , will see the PA maybe enter longs ...
  • #420,860
  • Oct 23, 2015 11:06am Oct 23, 2015 11:06am
Quoting edyraper
{quote} actually week is done (friday , 5 hours till closing here) will follow monthly closing next week , will see the PA maybe enter longs ...
glad to hear you are thinking of longs. very true... there should be a pull back next week, but I guess Monday will begin with testing the low first then jump high
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